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Sep 20, 2012
09/12
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states. it's coming from underneath the gulf of mexico where you're not interfering with anybody's drinking water and so forth. and the bottom line is that the amount of gas that's been discovered over a huge expanse of territory is enough that if our government adopted an energy policy that favored natural gas for vehicles and power plants and so forth, we could move quite a way from shipping money out in return for oil in from countries that it seems this week don't like us very much. >> great to have you on the show. thanks so much for coming in. joan lapinn. >>> a popular tech stock taking a hit today. >> this story absolutely fascinates me. look at share of amazon. amzn. reuters reported walmart is going to stop selling kindle products. right? the stock dropped sharply. it has recovered most of the losses though it is down .75%. i went on the site myself to try to find it. the only thing you could do is find a few accessories. kindle is is off the website. they're going to sell out their
states. it's coming from underneath the gulf of mexico where you're not interfering with anybody's drinking water and so forth. and the bottom line is that the amount of gas that's been discovered over a huge expanse of territory is enough that if our government adopted an energy policy that favored natural gas for vehicles and power plants and so forth, we could move quite a way from shipping money out in return for oil in from countries that it seems this week don't like us very much....
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Sep 5, 2012
09/12
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the united states showing the big slope up. government programs he says for example extended unemployment insurance could have kept the rate high. nonsense says jeff lacker from the richmond fed, jim bull from st. louis and others. there he say he didn't look deep enough into the data. we have a high, long-term unemployment problem. that is a sign of structural. then they say this very interesting question, a little bit into the economics here. where the deflation? if there is all of this extra slack in the economy, prices should be falling. in fact, you have this large bump up in unemployment and then you look at the year over year end of inflation and there is no deflation there. the big question, guys, where does the number come back to? what is the right number? should the fed be aiming for a 5%, 6%, or 7% unemployment rate which means there's a lot less slack in the economy right now. that's the debate, scott. that's what the fed is puzzling over. how much it can do. how much progress it can have on unemployment. bernanke
the united states showing the big slope up. government programs he says for example extended unemployment insurance could have kept the rate high. nonsense says jeff lacker from the richmond fed, jim bull from st. louis and others. there he say he didn't look deep enough into the data. we have a high, long-term unemployment problem. that is a sign of structural. then they say this very interesting question, a little bit into the economics here. where the deflation? if there is all of this extra...
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Sep 6, 2012
09/12
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states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of thinking if i had to handicap it if a romney victory, let me just say that the significance of an event for the market is very much a function of where the market is when the event occurs. i say from the roughly 1400 area a romney victory would add 100 points to the s&p and an obama victory would probably be maybe a 50-point decline. i think it is very important. we're at a crucial point in economic history of the country and i think what happens in november is very important. >> tom lee of j.p. morgan was on one of the earlier programs this morning talk in the same measure on what a romney victory wo
states, germany, france, united states, china, japan, they will all kick in and do what they have to do to kick the can down the road. i think that's what's happening. we're not solving the problem. we're dealing with it and kicking it down the road. the third area i think would make a big difference and not to get involved in politics about as difficult to talk about as abortion but i think a romney victory would put the market above the range where we are at presently and i am kind of...
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Sep 11, 2012
09/12
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>> i support the president of the united states. whoever that may be. >> bob, good to have you on the program. obviously investors had a great day today. aig trades up, 3345 is where it closed. we'll be watching the developments. thanks for your time today. >> thank you, maria. >> always good to see you. >> happy birthday. >> thank you so much, bob. >>> gridlock on the fiscal cliff. eric cantor pointing the blame at president obama's doorstep just an hour ago. >> frankly, the president's been unwilling to meet us to sit down and try an iron out the differences. >> now we get the other side. steny hoyer is we me, the second most powerful dem in congress. he'll join me after this break. you won't want to miss it. stay with us on that. later, with facebook's stock slumping to half the original ipo price s it time for mark zuckerberg to hands over the reigns to a more seasoned executive? then we'll take you live to an event he's speaking at. you're watching "closing bell" on cnbc, first in business worldwide. oh, hey alex. just picking
>> i support the president of the united states. whoever that may be. >> bob, good to have you on the program. obviously investors had a great day today. aig trades up, 3345 is where it closed. we'll be watching the developments. thanks for your time today. >> thank you, maria. >> always good to see you. >> happy birthday. >> thank you so much, bob. >>> gridlock on the fiscal cliff. eric cantor pointing the blame at president obama's doorstep just an...
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Sep 19, 2012
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states. >> what book are you reading? >> sort of like national parents, bill and melinda gates have helped pay college tuition for 20,000 american kids. >> the country is built on ingenuity. it's built on having lots of very well-educated people, and if you were from a poor family, how are you going to break out of that? well, education is the only way. education is the thing that 20 years from now will determine if this country is as strong and as just as it wants to be. >> one of the boldest efforts of the foundation is unfolding in the slums that we visited in delhi: an attempt to eradicate polio. no one in america has seen this since the 1960s. we found, in a delhi hospital, a polio ward full of paralyzed children. >> this young boy, sahil, he is ten years old. sahil has got paralysis on one side of his body, one leg. see there what he's doing? he's trying his best. he's bringing his hand, but he cannot move his leg. >> in a country where water often runs next to sewage, the virus, which
states. >> what book are you reading? >> sort of like national parents, bill and melinda gates have helped pay college tuition for 20,000 american kids. >> the country is built on ingenuity. it's built on having lots of very well-educated people, and if you were from a poor family, how are you going to break out of that? well, education is the only way. education is the thing that 20 years from now will determine if this country is as strong and as just as it wants to be....
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Sep 17, 2012
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it's more growth, more competitive for the united states. you have a plan to shrink the government by $2 trillion in your first term if you get it. $2 trillion. talk about it. don't pull any punches. don't let your advisors talk you out of it. go straight ahead on lower taxes and lower spending. it's a good growth prescription for america that needs it. that's it for tonight's show. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the r
it's more growth, more competitive for the united states. you have a plan to shrink the government by $2 trillion in your first term if you get it. $2 trillion. talk about it. don't pull any punches. don't let your advisors talk you out of it. go straight ahead on lower taxes and lower spending. it's a good growth prescription for america that needs it. that's it for tonight's show. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to...
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Sep 14, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> just minutes ago an activist judge struck down wisconsin's collective bargaining law saying it's unconstitutional on the state and federal level. this was governor scott walker's prime achievement for which he was re-elected on a recall vote. so here to break it down for us, cnbc contributor robert costa of "the national review." is this some dumb ass left-wing judge who is try to stop the recall electio
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up....
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Sep 21, 2012
09/12
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we'll debate what it means for your money and what it means for us in the united states. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national
we'll debate what it means for your money and what it means for us in the united states. ♪ ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human element can solve anything. solutionism. the new optimism. oh, hey alex. just picking up some, brochures,...
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Sep 3, 2012
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i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> meredith whitney was talking back in 2010 about a then- looming financial crisis involving state and local governments across the country. it was a debt crisis which some people believe could derail the recovery and require another big bailout package that no one in washington wants to talk about. >> the day of reckoning has arrived. that's it. and it's gonna arrive everywhere. time may vary a little bit depending upon which state you're in, but it's coming. [ticking] >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we look at three stories linked by the financial collapse of 2008. first, we examine a scam that's cost thousands of americans their homes. then we look into wall street's shadow market of credit default swaps. finally, a report on the perilous state of state finances. we begin with the foreclosure crisis. in the aftermath of the great recession, the huge number of foreclosed properties was a significant factor
i think, next to housing, this is the single most important issue in the united states and certainly the largest threat to the u.s. economy. >> meredith whitney was talking back in 2010 about a then- looming financial crisis involving state and local governments across the country. it was a debt crisis which some people believe could derail the recovery and require another big bailout package that no one in washington wants to talk about. >> the day of reckoning has arrived. that's...
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Sep 24, 2012
09/12
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obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to actually at least bring more production back into italy from poland and this is the new one they started producing at the beginning of the year and they already announced short time working so it's still not selling. >> is that reflective of concerns in europe or does it scare with what we heard out of daimler which was talk about slowing europe and china sales trends. >> daimler and mercedes specifically highlighted problems in southern europe. that plays into fiat's main market. >> and meanwhile journalist who had the story we're talking about fiat now plans to r
obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to...
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Sep 18, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >>> i think the mic was on. >> final trade, baby. >> all right, doc. >> mpel. >> murv? >> tyc, tyco. >> guy? >> blackstone, still works, baby. >> ibm, ibm. >> looking for more ways to trade like a monster? jon joinn
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll...
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Sep 21, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> cnbc was able t
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a...
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Sep 27, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is tak
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your...
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Sep 21, 2012
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number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was just going to see, weigh the geopolitical risk versus the spr noise and tell me where oil goes between now and the end of the year. >> well, we have 117 for the end of the year on brefnlt now our view is that the geopolitical noise is not likely to seriously dissipate, because there's no sign of progress in the iranian nuclear negotiations. there's no sign that the standoff will be eased any time soon, and without any easy off ramp, we don't see how this situation is resolved, so we think potentially 2013 you're really looking at a question of does iran get nuclear weapons capability, or do you take mili
number two, increased production from the united states, canada and the north sea, specifically norway. and number three, iraq. iraq has continued to increase their production. you know, they have as much reserves as iran, so they are the third or second -- tied for second in the world of reserves, and iraq has put in these offshore terminals, and they have been able to ramp up the exports. that is likely to put some downward pressure if there's no geopolitical blow up, maria. >> i was...
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Sep 13, 2012
09/12
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states, that the united states is against islam. as soon as the leaders who were strongmen who were removed, a lot of those conspiracy theories rose to the surface. i think education is certainly necessary. >> we had one of our reporters earlier, richard, make the point that moderate middle easterners can't compete when push comes to shove with extremists, the best of intentions -- by definition, when you're moderate, you're not willing to go that extra mile. i guess we shouldn't be surprised. it's hard to anticipate and hard to deal with. >> i think there was also an over estimation of the strength of the moderates. everyone at least in the west was looking at twitter and there seemed to be a flood of moderate voices from the middle east. a lot of the voices were people who lived in canada, australia and the united states, not really here so much. i think that props overrepresented the number of moderates, the number of people who seemed to want just what the united states wanted. that really was never the case. you can see now all
states, that the united states is against islam. as soon as the leaders who were strongmen who were removed, a lot of those conspiracy theories rose to the surface. i think education is certainly necessary. >> we had one of our reporters earlier, richard, make the point that moderate middle easterners can't compete when push comes to shove with extremists, the best of intentions -- by definition, when you're moderate, you're not willing to go that extra mile. i guess we shouldn't be...
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Sep 21, 2012
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one of the things people consistently say is pick stocks that have big exposure to the united states, not so much to europe or china or other areas of the world slowing perhaps more dramatically than we are and having other issues. >> that's a good point and that is true but when you look at a gdp tracking somewhere in the low 1% range that's really going to impact small company earnings. what we've actually talked about with clients is you want those companies that aren't really economically centric you want companies that are going to be more secular growth stories, companies that don't rely on the economy, they may have a particular product, they may have a particular niche, kind of growing their business, but more -- less economically sensitive, more growth centric or sort of the one of the plays you want to make in terms of a slowing, in the overall economy. >> steve, small caps traditionally lead on the way up, outperform significantly in a lot of rallies and on the declining markets the bear markets they lead the market down tra dagsally. >> right. >> you have to be worried abo
one of the things people consistently say is pick stocks that have big exposure to the united states, not so much to europe or china or other areas of the world slowing perhaps more dramatically than we are and having other issues. >> that's a good point and that is true but when you look at a gdp tracking somewhere in the low 1% range that's really going to impact small company earnings. what we've actually talked about with clients is you want those companies that aren't really...
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Sep 14, 2012
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i think that's a really big important part of the story of the economy here in the united states. >> quincy, what areas of the market are going to continue rising, assuming you believe the stock market goes higher? >> i think you're going to see the cyclical sectors, the ones that were neglected by the defensive sectors. if you think this is going to move higher, you're already moving into the industrials, the materials, and energy and tech. and financials as well. >> you think this has legs? what do you think the rest of the year looks like in terms of this market? >> this is not straight up. i think one of the reasons you see gains locked in today is who wants the spend the weekend worrying about what's going on in the middle east? there are going to be issues that pull this market back, but i think that you've got a bottom for the market, and you're going to see it grind higher every time there's a pullback. >> stephanie, you told me yesterday immediately following the fed decision when you were sitting next to me on "halftime," buy the financials head over fist. >> yeah, and we a
i think that's a really big important part of the story of the economy here in the united states. >> quincy, what areas of the market are going to continue rising, assuming you believe the stock market goes higher? >> i think you're going to see the cyclical sectors, the ones that were neglected by the defensive sectors. if you think this is going to move higher, you're already moving into the industrials, the materials, and energy and tech. and financials as well. >> you...
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Sep 13, 2012
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for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> let's get a sector check. a lot of indecision ahead of the fed this afternoon. here's one look how consumer staples is doing this morning. meanwhile just in time for fashion week. google glasses making its runway debut during the die van von furstenberg show. it's being released through google+. joining us here at post 9 today is spencer annie. he's the bureau chief. always good to have you. >> good to see you, carl. >> you got to sit down and test drive these things yourself on monday. >> kind of like winning the lottery a little bit. >> what was it like? >> it was really interesting. the iphone 5 came out yesterday and a lot of people criticized it for being boring. this is not boring. it's basically a wearable computer that is a pair of eye frames, right?
for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> let's get a sector check. a lot of indecision ahead of the fed this afternoon. here's one look how consumer staples is doing this morning. meanwhile just in time for...
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Sep 24, 2012
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states. you talk about it all the time on cnbc. you have policy people on. but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this election that very issue regarding tax policy? it seems so self-evident to people we rub shoulders with on this trading floor but not to the population at large. >> they think it's gets muddied. if you talk about the capital gains tax. there was a guest on earlier today that says, what's it mean to somebody making $50,000? lowering the capital gains tax to somebody like that is the most important thing you can do because corporations a
states. you talk about it all the time on cnbc. you have policy people on. but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht...
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Sep 6, 2012
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we have lackluster growth in the united states. we have draghi coming out and downgrading the gdp outlook and out right recession as europe will likely be in 2013. how can this be? the answer from the bulls is where earnings may be lackluster but they'll still be positive. here is the estimates right now for earning. question down, q4 a big bump up. this isn't going to happen. this is 14 thst. the numbers will come down but still positive. overall for 2012, 4%, maybe 3%. not as much as in the past year. it is still growth, 2013, you know the numbers are the how. you know they will come down. it is 11%. that will probably end up at 5% next year. 5% growth, carl, is still 5%. it is not negative earnings growth. to argue for negative earnings growth, let me tell you what people are telling me. they keep saying you can't do this way. revenue growth is petering out, the margin expansions are tougher, china will have a hard landing, a soft patch in the u.s. economy, we'll hit the fiscal cliff. this is what people yell at me every day. he
we have lackluster growth in the united states. we have draghi coming out and downgrading the gdp outlook and out right recession as europe will likely be in 2013. how can this be? the answer from the bulls is where earnings may be lackluster but they'll still be positive. here is the estimates right now for earning. question down, q4 a big bump up. this isn't going to happen. this is 14 thst. the numbers will come down but still positive. overall for 2012, 4%, maybe 3%. not as much as in the...
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Sep 19, 2012
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in the united states this is totally open ended and as the fed announced last week. they're just going to print money until we see a major improvement in the job market. i consider what's happening in europe actually better monetary poli policy. >> why would you consider it better? i don't think either of those policies address what they're trying to address. in the case of the u.s. i don't see a correlation with fed programs and unemployment or at least not one big enough to pull out and with regard to europe, if outside investors don't come in or you don't fix what's wrong with these countries, how long can the printing presses go? can you comment on my opinion versus yours? >> sure. remember, europe is where we were a few years ago. they still have to shore up the banking system. they have to do a lot of things including deposit insurance if you deposit in different countries, so what draghi is doing is financially trying to shore up the banking system. what we're doing in the united states if you at price of gold, the inflationary expectations in the tips market,
in the united states this is totally open ended and as the fed announced last week. they're just going to print money until we see a major improvement in the job market. i consider what's happening in europe actually better monetary poli policy. >> why would you consider it better? i don't think either of those policies address what they're trying to address. in the case of the u.s. i don't see a correlation with fed programs and unemployment or at least not one big enough to pull out and...
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Sep 10, 2012
09/12
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states. >> where would you cut? >> i would means test heavily social security, medicare, drastically reduce defense spending. >> how would you handle medicare? would you like a voucher program? >> it's too late for that. you need to simply means test it, so if you're affluent, you're going to pay a much higher premium. everybody needs to pay bigger copays, bigger deductible. >> the equivalent of raising taxes on some people. >> we have to raise taxes on everybody. the bush tax cuts, all of them, for everybody. we cannot afford them. we couldn't afford them then. >> he's not the guy you thought he was. you want him to come in, you were going, we're not worthy, we're not worthy. that's not who he is, and you've written these things about the fantasy of the -- if you ever wrote about the obama budget it would be a nastier piece. >> the reason i haven't done that is i assumed people could see that. >> you can't assume that. we're going to meet all the actresses, you want to be a left winger so you can meet hollywood, th
states. >> where would you cut? >> i would means test heavily social security, medicare, drastically reduce defense spending. >> how would you handle medicare? would you like a voucher program? >> it's too late for that. you need to simply means test it, so if you're affluent, you're going to pay a much higher premium. everybody needs to pay bigger copays, bigger deductible. >> the equivalent of raising taxes on some people. >> we have to raise taxes on...
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Sep 28, 2012
09/12
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it's kangchui, and it trades in the united states. maybe you do own them. >> do you know who has heard of them? >> who? >> jim cramer. >> the deal is worth approximately $35.75 a share. i don't know what type of medical devices they make. you know, i like a lot of things. i don't mind seeing toys made in china, that's fine, that's good. my defibrillator, maybe not. >> there are problems with defibrillators made here. >> that's true. my 737, no. >> no? >> you fly around on chinese airplanes? >> the iphone. the iphone doesn't crash. >> chinese car if you lock your keys in them, you get a can opener and you can easily break into your car like a lunar landing module, you put your elbow right through it if you -- >> what do you want me to say? >> that amazon is planning an online marketplace? >> amazon is planning an online market place for wine sales, the second attempt to sell wines to consumers after a partner problem forced them to end the first one three years ago. they held a workshop in napa this week with members of the napa valley
it's kangchui, and it trades in the united states. maybe you do own them. >> do you know who has heard of them? >> who? >> jim cramer. >> the deal is worth approximately $35.75 a share. i don't know what type of medical devices they make. you know, i like a lot of things. i don't mind seeing toys made in china, that's fine, that's good. my defibrillator, maybe not. >> there are problems with defibrillators made here. >> that's true. my 737, no. >> no?...
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Sep 17, 2012
09/12
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states. it's just when that breaks down and you don't think it's fair. and you know what else plays into it? is corporate cronyism and the kablt ability to succeed but not to fail. we talk about these things in a perfect world. and it's not perfect. and that's when we get things that need to be rectified and people feel like they're getting screwed, basically. >> no, there's a feeling, and the feeling is enhanced in a downturn, a bubbly economy is when people feel better. i have to add these problems may seem, you know, to be challenges for us. they're big challenges in other places. >> worse than here. >> oh, yeah. india has had momentum stall and a loss of investor confidence from some really dumb stuff. >> you think we can get our mojo back, mike? >> oh, yeah. >> you do? >> yeah, i think so. partly because there's so many parts of the economy on the private sector side that are dynamic and functioning fine. i think people will get motivated and get back in the game. the real question marks
states. it's just when that breaks down and you don't think it's fair. and you know what else plays into it? is corporate cronyism and the kablt ability to succeed but not to fail. we talk about these things in a perfect world. and it's not perfect. and that's when we get things that need to be rectified and people feel like they're getting screwed, basically. >> no, there's a feeling, and the feeling is enhanced in a downturn, a bubbly economy is when people feel better. i have to add...
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Sep 11, 2012
09/12
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states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we appreciate that sentiment and the point. back to jamie dimon for a second and this idea of splitting up the banks. you raised this issue with him. what was his answer? >> he didn't say never, and the debate with jamie dimon got heated last thursday when i met with him, he's ceo of jpmorgan as you know, and he said if the discount is 50% and the businesses are no worse off, then he'd consider it, even jamie dimon would consider a splitup. he said it's extremely unlikely, they have all sorts of synergies and they don't see that sort of discount. having said that if you t
states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we...
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they go to the united states, pick up the weapons to bring them to mexico. in four years, 70% of weapons found in crime scenes originated from sales in the united states. >> we were going to talk about fast and furious with the new report coming out, but this is interesting time. >> it's been a bad deal for the u.s. justice department. earlier this summer, eric holder, attorney general found in contempt, congress saying he's with holding documents from this investigation. we are going to expect more high drama. we are waiting to see what the latest findings are. >> we'll be watching it. thank you. >> thank you. >>> the fight to legalize marijuana receives a surprising supporter, sort of. we'll explain. >>> despite a weak jobs reports, u.s. stocks ended slightly higher. mortgage rates are down from last week. take a look here. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the
they go to the united states, pick up the weapons to bring them to mexico. in four years, 70% of weapons found in crime scenes originated from sales in the united states. >> we were going to talk about fast and furious with the new report coming out, but this is interesting time. >> it's been a bad deal for the u.s. justice department. earlier this summer, eric holder, attorney general found in contempt, congress saying he's with holding documents from this investigation. we are...
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Sep 21, 2012
09/12
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will the company pay more taxes in the united states or not? the ones who inspire us, the ones who make us laugh, the ones with the strong shoulder to lean on, the ones we're named after, and the ones named after us. it takes all kinds of good to make a family. at new york life, everything we do is to help you keep good going. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> our second story, congress skips town again after a five-week recess and just eight days back on the job, like to use this little calendar. lawmakers are again high tailing it out of washington until after the election and this time, they have left a pile of unfinished behind. most pressing is that little thing called the fiscal cliff that includes the $1.2 trillion spending cuts that are going
will the company pay more taxes in the united states or not? the ones who inspire us, the ones who make us laugh, the ones with the strong shoulder to lean on, the ones we're named after, and the ones named after us. it takes all kinds of good to make a family. at new york life, everything we do is to help you keep good going. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent,...
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Sep 21, 2012
09/12
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military has been executing war games near the critical strait of hormuz, to show the united states what iran will do if anyone attacks its nuclear facilities. "outfront" tonight, chris lawrence, who is on board the largest aircraft carrier ever built. >> reporter: the "u.s.s. enterprise" has sailed through the straigt since the deployment and the rising tension means even the smallest incident can spiral out of control. >> so, any action can instantly trigger a disproportionate reaction. >> reporter: iran has threatened to lay mines in the strait of hormuz. navy commanders say they take a lot of precaution to make sure that a misunderstanding with iran doesn't boil over. so it avoids getting too close to iranian ships. >> if we're going to get too close to be of concern, we communicate with them before that. >> reporter: when the ship sails near certain ports in the persian gulf, enterprise installs small cameras on its guns, so if there's a confrontation with a foreign ship, they don't want to be accused of firing without cause. >> we want to have video evidence of it, as much we can,
military has been executing war games near the critical strait of hormuz, to show the united states what iran will do if anyone attacks its nuclear facilities. "outfront" tonight, chris lawrence, who is on board the largest aircraft carrier ever built. >> reporter: the "u.s.s. enterprise" has sailed through the straigt since the deployment and the rising tension means even the smallest incident can spiral out of control. >> so, any action can instantly trigger a...
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Sep 19, 2012
09/12
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. >>> the united states and china appear to be an o collision course. china has promised to investigate today after protesters swarmed u.s. ambassador's car in beijing. he got stuck in a demonstration which was technically taking place over japan's control of islands in the south china sea. it was an image which got a lot of people's attention and caused anxiety given actions we've seen in the middle east. the move in china comes as leon panetta wrapped up a very important visit. a crucial visit. he met with the future chinese president and on the agenda, the american military build up in asia, which china sees as a direct threat. and in fact, the relationship between the u.s. and its allies has become one of the bigs issues of 2012. a big sign the president could be losing ground when it comes to foreign policy. we wanted to talk about this poll and stood out to me. take a look at this poll. it shows the president's approval rating on the issue of foreign policy has fallen 12 points among independents. "outfront" tonight, stephanie cutter. appreciate y
. >>> the united states and china appear to be an o collision course. china has promised to investigate today after protesters swarmed u.s. ambassador's car in beijing. he got stuck in a demonstration which was technically taking place over japan's control of islands in the south china sea. it was an image which got a lot of people's attention and caused anxiety given actions we've seen in the middle east. the move in china comes as leon panetta wrapped up a very important visit. a...
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Sep 25, 2012
09/12
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but why isn't the united states any closer to getting it? >>> gop candidate mitt romney got another compliment from president clinton today. this time, though -- mbe not much help. >>> and it's been about 24 hours. and nfl fans are still outraged by a call made by a replacement ref in last night's packer-seahawks game. even scott walker pleads he wants the refs back. and hey, they're in a union! what will it take? let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, obama vows he'll get the killers. today the president spent 24 minutes of his half-hour speech to the united nations talking about libya, the middle east and ambassador chris stevens. the speech, which was seen by american voters and viewers around the world, mentioned stevens 12 times. as the president paid tribute to him right from the start. >> chris stevens loved his work. he took pride in the country he served, and he saw dignity in the people that he met. and two weeks ago, he traveled to benghazi to review plans to establish a new cult
but why isn't the united states any closer to getting it? >>> gop candidate mitt romney got another compliment from president clinton today. this time, though -- mbe not much help. >>> and it's been about 24 hours. and nfl fans are still outraged by a call made by a replacement ref in last night's packer-seahawks game. even scott walker pleads he wants the refs back. and hey, they're in a union! what will it take? let's go "outfront." ♪ >>> good evening,...
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Sep 27, 2012
09/12
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if israel is trying to work with the united states, has been trying to push the united states to come up with what a consequences will be, israel has talked about the fact that everything is still on the table. and everything you can read in to that mean that is a strike is possible. the question is, whether it's a unilateral strike. there's a new poll put out here this month and asked israelis whether or not they thought it was a good idea if provoked that they would go for a unilateral strike here in israel without the backing of the u.s. 65% of israelis polled said, no. they believe they need the backing of the u.s. i think it's pretty clear the israeli leaders say they need the backing of the u.s. an seeing a lot of talks and tension between the united states and israel. does the united states plan on backing israel if it decides a strike is necessary? >> president obama speaking tuesday in front of the general assembly stressing the u.s. would and i quote do what we must to stop teheran. hasn't ruled out military options but would like to see sanctions and multilateral negotiatio
if israel is trying to work with the united states, has been trying to push the united states to come up with what a consequences will be, israel has talked about the fact that everything is still on the table. and everything you can read in to that mean that is a strike is possible. the question is, whether it's a unilateral strike. there's a new poll put out here this month and asked israelis whether or not they thought it was a good idea if provoked that they would go for a unilateral strike...
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Sep 10, 2012
09/12
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congressman, a nice little bounce for the president of the united states. neil newhouse, though, the romney pollster put out a memo saying don't get too worked up about the latest polling. while some voters will feel a bit of a sugar high from the conventions, the basic structure of the race has not changed significantly. but i assume these numbers are not encouraging right now. tough do some work. what's the strategy? >> well, the strategy to continue to talk about jobs and the economy because, yeah, they did get a little bit of a sugar high an you get a number of days with unfettered access to the immediate why and american people but when you go mono-e-mono and talk about jobs, the economy and the president's record or a lack of a record i think the focus then is who's the best to lead us forward and put america back to work and i think that's clearly mitt romney and paul ryan. >> why didn't romney get a sugar high after the republican convention? >> immediately rolled in to the democratic convention. no excuses. october 3rd and then start to have debate
congressman, a nice little bounce for the president of the united states. neil newhouse, though, the romney pollster put out a memo saying don't get too worked up about the latest polling. while some voters will feel a bit of a sugar high from the conventions, the basic structure of the race has not changed significantly. but i assume these numbers are not encouraging right now. tough do some work. what's the strategy? >> well, the strategy to continue to talk about jobs and the economy...
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Sep 11, 2012
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the israelis sought a meeting with the president of the united states. president -- the white house now saying scheduling conflicts, is that what they're saying? >> that's right, wolf. as you know, there's been some friction in this relationship of the white house saying in this case it really is a scheduling conflict. national security council spokesman tommy vitor saying the president will be arriving for the u.n. in new york on september 24th leaving the next day and that benjamin netanyahu will not be arriving until later in the week. he points out they will both not be in the city at the same time. however, in a statement he went onto say that the two leaders do stay in frequent contact, that benjamin netanyahu will be meeting with other u.s. officials including secretary of state hillary clinton. but, wolf, this statement may not be enough to silence this entire controversy. >> i am told though by israeli sources, dan, that the prime minister's office made it clear that if there could be a meeting in washington with the president, he would have gon
the israelis sought a meeting with the president of the united states. president -- the white house now saying scheduling conflicts, is that what they're saying? >> that's right, wolf. as you know, there's been some friction in this relationship of the white house saying in this case it really is a scheduling conflict. national security council spokesman tommy vitor saying the president will be arriving for the u.n. in new york on september 24th leaving the next day and that benjamin...
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Sep 19, 2012
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states. rudy, it is always good to talk to you. and, you know, this comes at a moment when we have heard that al qaeda is on the run. and what we see now is groups sympathetic to al qaeda, linked to al qaeda or not on the run but frankly more powerful than the government in places like libya. are these -- should we take this threat of attack seriously? >> absolutely, i think we should take these attacks seriously, because although we're making headway in the afpak region, we have not made any headway in the north africa region. we have new governments in libya and tunisia and egypt. and frankly, some governments are sympathetic more into the cause or the lane of the extremist elements. so when they pose this threat, you also have a collapsed lip libya that has been a conduit for arms pushing across the region. now you have weapons and people who are sympathetic, and causes a big concern for me, at least. >> and what are the risks that there could be attacks outside that region? when people in
states. rudy, it is always good to talk to you. and, you know, this comes at a moment when we have heard that al qaeda is on the run. and what we see now is groups sympathetic to al qaeda, linked to al qaeda or not on the run but frankly more powerful than the government in places like libya. are these -- should we take this threat of attack seriously? >> absolutely, i think we should take these attacks seriously, because although we're making headway in the afpak region, we have not made...
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Sep 25, 2012
09/12
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the united states will bring justice to those who harm americans, and the united states will stand strongly for our democratic values abroad. >> senator john barrasso is a republican from wyoming. he supports mitt romney's presidential campaign. he's also a member of the senate foreign relations committee. also joining us this morning, elise labott, cnn's former affairs reporter. nice to have you both with us. we'll start with you, senator. you wrote an op-ed in politico and you listed what you thought were three critical things that the president had to hit on when he gives his speech before the general assembly today. can you lay out for me what you think he needs to say? >> the first thing he is needs to acknowledge that the war on terror continues. look at what you discovered from cnn, the private journals of chris stevens. who said, a number of things. this was not about a video. he was being targeted by al qaeda. he said al qaeda was growing in libya. he said there was a rise in islamic extremism in that area. there truly is terrorism that continues. this is not because of a video. nu
the united states will bring justice to those who harm americans, and the united states will stand strongly for our democratic values abroad. >> senator john barrasso is a republican from wyoming. he supports mitt romney's presidential campaign. he's also a member of the senate foreign relations committee. also joining us this morning, elise labott, cnn's former affairs reporter. nice to have you both with us. we'll start with you, senator. you wrote an op-ed in politico and you listed...
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Sep 20, 2012
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united states. then there's a link to buy the poster. i guess the question is, is it appropriate to use the american flag like this for campaign purposes? >> you know, free speech, wolf. look, i know there are some right wing bloggers who are already gone through their level of outrage. i often think of this as just another distraction. but this is just artist for obama to generate excitement, interest and of course get a couple dollars into a campaign that really needs a lot of money right now. i hope this is not another distraction like god in the platform, which didn't really look at the fact that we had more than six chapters on god. but we often get called into these sidebar conversations because we don't want to talk about the big issues facing this country. ana is right, it's 100%. we're all in this together. while mitt romney is talking about people not paying taxes, we should talk about corporations that don't pay their fair share. it's time he release his own taxes to the american people t
united states. then there's a link to buy the poster. i guess the question is, is it appropriate to use the american flag like this for campaign purposes? >> you know, free speech, wolf. look, i know there are some right wing bloggers who are already gone through their level of outrage. i often think of this as just another distraction. but this is just artist for obama to generate excitement, interest and of course get a couple dollars into a campaign that really needs a lot of money...
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god bless the united states of america. thank you all very much. >> coming up, republican paul ryan tells our piers morgan how he would compare president obama to president clinton. and an obama insider reveals how the president likes to kick back in his most private moments. great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. >>> we're back here at the democratic national convention in charlotte, north carolina, getting ready to hear from the former president, bill clinton. the republican vice presidential nominee, paul ryan, has started invoking bill clinton's name when he attacks the president of the united states. our own piers morgan had a chance to interview paul ryan. it was a good interview. >> obviously they're trying to position president clinton a
god bless the united states of america. thank you all very much. >> coming up, republican paul ryan tells our piers morgan how he would compare president obama to president clinton. and an obama insider reveals how the president likes to kick back in his most private moments. great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what...
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Sep 19, 2012
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>>> as tensions escalate over iran's nuclear ambitions, the united states with two dozen nations are stepping up movement in the persian gulf. this exercise, we're told, will not reach the strait of hormuz, you see on the map, where it is, very, very close to iran. of course, the waters through which a fifth of the world's oil is shipped every day. iran has threatened to basically shut it down. and cnn's chris lawrence is along for the ride. >> reporter: i'm standing on the flight deck of the "uss enterprise" here in the north arabian sea. and we're just days away from one of the largest anti-mining exercises ever conducted. the u.s. and more than two dozen of its allies will be putting ships -- as well as divers and -- earlier this year the head of iran's navy said that mining the strait of hormuz would be as easy as drinking a glass of water. iran has also disputed u.s. claims that it would stop iran from mining the strait or could prevent such a mining operation. that is what the u.s. and many of its allies will learn over the next few days, how well they can work together to poss
>>> as tensions escalate over iran's nuclear ambitions, the united states with two dozen nations are stepping up movement in the persian gulf. this exercise, we're told, will not reach the strait of hormuz, you see on the map, where it is, very, very close to iran. of course, the waters through which a fifth of the world's oil is shipped every day. iran has threatened to basically shut it down. and cnn's chris lawrence is along for the ride. >> reporter: i'm standing on the...
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Sep 24, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> what i treat for us today. carol burnett is a lot of things, like a comedy icon. ♪ >> who can make tarzan's famous call of the wild her own. she can also take a secretary -- >> come here. watch my lips. i'm going to say this to you so even a child would understand. no badge, no office. >> and turn the role in a showcase for the absurd. but most of all, carol burnett knows how to make you laugh. >> from television city in hollywood, it's "the carol burnett show". >> for 11 years, 1967 to 1978, she had one of the most popular shows on television, simply called "the carol burnett show," winner of, count them with me, 25 emmy awards, and take a look at this, i showed it to you a minute ago, this is -- this is basically what she herself and her team, they have
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> what i treat for us today. carol burnett is a lot of things, like a comedy icon. ♪ >> who can make tarzan's famous call of the wild her own....
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Sep 20, 2012
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across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. it's got that sweet honey taste. but no way it's 80 calories, right? no way, right? lady, i just drive the truck. right, there's no way right, right? have a nice day. [ male announcer ] 80 delicious calories. fiber one. >>> a cnn exclusive. what chris stevens knew about threats to his life before the attack that killed him. >>> 14 officials singled out in the fast and furious report but no blame for the attorney general. >>> mitt romney now talking about the 100% as he tries to court latino voters. >>> welcome back to "early start," everyone. >> very happy that you're with us this morning. we're going to begin this morning with new details in the attack on the american consulate in benghazi, libya. u.s. officials saying it was a case of terrorism. that attack ki
across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. it's got that sweet honey taste. but no way it's 80 calories, right? no way, right? lady, i just drive the truck. right, there's no way right, right? have a nice day. [ male announcer ] 80 delicious calories. fiber one. >>> a cnn...